• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 15 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 21 hours Bankruptcy in the Industry
Carbon Price Crash Threatens EU Transition Funds

Carbon Price Crash Threatens EU Transition Funds

Earlier this year, the price…

U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

TransCanada Gets Presidential Permit To Build Keystone XL

Pipeline

TransCanada Corporation said on Friday that the U.S. Department of State had signed and issued a Presidential permit authorizing the company to construct and operate the Keystone XL pipeline.

The approval comes after years of political, economic and environmental debates over the potential benefits and downsides of the project, and reverses a decision by former President Barack Obama who had blocked the pipeline in 2015.

“We greatly appreciate President Trump’s Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America's energy infrastructure,” Russ Girling, TransCanada's president and chief executive officer, said in the company statement.

The U.S. State Department was expected to issue today the permit for the pipeline planned to transport a daily average of 800,000 barrels of heavy Canadian crude from Alberta to U.S refineries.

The Department of State, for its part, said in its press release that it considers that the pipeline “would serve the national interest”.

Just days after taking office, President Trump issued a Presidential Memorandum that invited TransCanada to promptly resubmit its application to the Department of State for a Presidential permit for the construction and operation of the Keystone XL Pipeline, and directed the Secretary of State to receive the application and take all actions necessary and appropriate to facilitate its expeditious review. Related: The Oil Market Is At A Major Turning Point

Following the President’s memorandum, TransCanada was quick to submit a fresh application for obtaining the permit.

The company said today that it would “continue to engage key stakeholders and neighbors throughout Nebraska, Montana and South Dakota to obtain the necessary permits and approvals to advance this project to construction”.

TransCanada is seeking approval from Nebraska state authorities to pass through the state, but it also faces fierce opposition from environmentalists there.

By Tsvetana Paraskova for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News